Who Is This Credit Card Best For?
Diligently searches for the best products and delights in a good bargain See more cards
Looks for good quality at a fair price while buying for the household See more cards
Loves being the first to try something new See more cards
Frequently shops with a particular merchant and wants to be rewarded for their loyalty See more cards
The Old Navy Visa Card is best suited for people who frequently shop at Old Navy and the other brands under the Gap umbrella (Gap, Banana Republic, Athleta, Hill City, and Gap-brand outlet and factory stores.)
Sure, you can use the card anywhere Visa is accepted, but the real reward opportunities are at the relevant stores.
The easiest way to think of it: For every $100 you spend online or in-store, you’ll earn $5 toward a future purchase.
Keep in mind that not all applicants will be offered the Visa card, which is likely to require a good credit profile. If you have just a fair credit score, you may be instead offered the Old Navy Credit Card, which has the same rewards for store purchases but can only be used for those store purchases. This may still be a worthwhile option, not only for the store rewards, but as a tool to help build your credit history.
Nice rewards on store purchases
20% discount on your first purchase
Extra perks for bigger spenders
Rewards only good toward future purchases
- Nice rewards on store purchases: Earning 5 points per $1 on every purchase you make at Old Navy and its sister stores equates to a 5% discount on future store purchases. That’s as good or better than you’ll find on other store credit cards.
- 20% discount on your first Old Navy purchase: Some store cards offer a discount of 10% or 15% off, or have nothing at all. If you time your holiday or back-to-school shopping right, you can maximize the value of this incentive.
- Extra perks for bigger spenders: If you earn 5,000 points in a calendar year, you’ll qualify for Navyist status. This gives you access to more perks, including a 20% boost in rewards points every quarter, free basic alterations on Banana Republic purchases, and free shipping on online orders with Old Navy, Gap, Banana Republic, and Athleta.
- Rewards only good toward future purchases: You can only use your rewards toward purchases at Old Navy and other Gap brand retailers. Plus, your rewards come in 500-point increments, so you can’t redeem them until you’ve earned 500 points through your spending.
- High APR: Store credit cards typically have higher APRs than general credit cards, so if you tend to run a balance from month to month, we wouldn’t recommend this card (or any store card.)
Old Navy Visa Card’s Bonus for New Cardholders
The card doesn’t offer a traditional new cardholder bonus in terms of extra points or cash back. But when you get the card, you’ll save 20% on your first purchase with it.
If you apply on Old Navy’s website, you have to use your discount at OldNavy.com by a certain date noted on the Old Navy credit card website. If you apply in an Old Navy store, you have to use the discount in-store the same day and cannot use the discount online.
To maximize your savings, try to time your application when you’re planning to make a large purchase with the brand.
Earning Points & Rewards
You’ll earn 5 points per $1 on every purchase you make at Old Navy and its sister stores, with 500 points equaling a $5 reward.
You’ll also earn 1 point per $1 everywhere else you use the card: grocery stores, gas stations, restaurants, and more.
Since this rewards rate is lower than what’s offered on many general rewards credit cards (but common among store-branded credit cards), we wouldn’t recommend using the card outside of Old Navy and its sister stores.
Once you’ve earned 5,000 points in a calendar year, you’ll reach Navyist status, which includes a 20% boost in points every quarter. This boost gives you 6 points per $1 on store purchases and 1.2 points per $1 everywhere else.
You’ll also get 500 bonus points when you connect your email address and another 500 points when you sign up for electronic billing.
While you’ll earn points on every purchase, rewards are issued in increments of $5 (500 points) up to $50 (5,000 points). There’s a limit of $250 in rewards you can earn in a month. If you’ve earned points beyond that amount, they’ll be rolled over to the following month.
Points you don’t convert into usable rewards only expire if you haven’t used your card in the last 24 months. Once they’ve been converted, they’ll expire on the date stated on the reward certificate.
You can redeem your rewards in-store, online, or over the phone for purchases at Old Navy and other Gap brands. However, there are some limitations:
- You can use up to three reward certificates on a single transaction in-store or via mail, and up to five online or over the phone. You can combine your rewards with one promotional offer.
- The value of your purchase must be greater than the value of the reward certificate you’re using.
- You must use your Old Navy Visa Card to cover the remainder of the purchase when redeeming rewards.
- You can’t use rewards to purchase gift cards.
- If you return an item purchased with rewards, the amount of the rewards used will be converted back into points and credited to your account.
Other store-branded cards have simpler redemption rules. For example, the Target RedCard offers an up-front 5% discount.
How to Get the Most Out of This Card
If you shop a lot at Old Navy and other Gap brands, this card can easily earn a spot in your wallet. Not only will you earn 5 points per $1 spent, but you’ll get access to inside information about sales, styles, and trends.
If you shop frequently enough that you’ll earn 5,000 points each year, take advantage of the perks of Navyist status too. Not only does it turn 5 points into 6 points, but you’ll get free alterations with Banana Republic, and free shipping on online orders.
For other purchases, we would recommend using another rewards credit card. Here’s an oversimplified example to illustrate why.
Let’s say you spend $1,866 on apparel each year. (That was the average spending among U.S. households in 2018, data from the Bureau of Labor Statistics shows.) If you exclusively shopped at Old Navy and sister stores with your Old Navy Visa Card, you’d earn points worth about $93 toward future purchases.
In contrast, the Citi Double Cash Card, which pays up to 2% cash back, would give you a maximum of $37.32 back on those purchases. (Though you could use that cash anywhere.)
However, if you put $20,000 worth of other expenses on your credit card every year, you’d earn as much as $400 in rewards on those purchases with the Citi Double Cash Card and just $200 with the Old Navy Visa Card. Plus, you’d have to spend the $200 you got back with the Old Navy Visa on clothes or clothing accessories.
Pairing the Old Navy Visa Card with the Citi Double Cash Card could be a great way to take advantage of the best of both cards.
Synchrony Bank ranked 7th out of 11 national issuers in the J.D. Power 2020 U.S. Credit Card Satisfaction Study. It ranked below average across the board in comparison with other major credit card issuers.
On a positive note, you can use the Old Navy mobile app and website to manage your account (check your balance, make payments, etc.).
The Old Navy Visa Card’s security features are standard for the credit card industry.
Fees to Watch Out ForThe Old Navy Visa Card doesn’t have any fees that are out of line with what you’d normally expect from a store credit card. You’ll face a 3% fee on purchases made abroad, and there’s a 5% fee ($10 minimum) on cash advances. The main thing to remember is the steep APR. Make it a goal to pay your bill in full each month to avoid paying a high interest rate.